Axel Springer closes the sale of its stake in aufeminin group to Télévision Française 1

Press Release: Axel Springer has closed today the sale of its stake in aufeminin group to Télévision Française 1 S.A. (TF1). The aggregated purchase price of Axel Springer’s around 78 percent stake amounts to EUR 291.5 million. This corresponds to a multiple of around 15 based on consolidated EBITDA 2017 attributable to Axel Springer shareholders. The purchase price includes also the contractual agreed interest payments made by TF1 to Axel Springer.

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XLMedia acquires Finnish gambling information websites from Good Game

Press release: XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce that it has agreed to acquire a number of leading Finnish gambling related informational websites from Good Game Ltd (the “Acquisition”) for a total cash consideration of up to €15 million. The Acquisition is expected to complete during the first quarter of 2018 and to be immediately earnings enhancing in the current financial year following completion.

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XLMedia buys financial services comparison site

Digital performance marketing company XLMedia continued its buying spree today with a swoop on a US comparison website. The Aim-listed firm has added young adult personal finance site Moneyunder30.com to its portfolio for $7m (£5.4m). XLMedia is targeting further US expansion, following its acquisition of Canadian credit card comparison site Greedyrates.

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Saudi investor buys significant stake in the Independent

A Saudi investor has taken a significant stake in the Independent, potentially pumping millions of pounds into the liberal news website but may spark a controversy about the human rights record of the Middle Eastern country. The deal, which was first report by Middle East Eye, could value the Independent at more than £100m

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Incisive Media founder Weller and CEO Whiteley lead MBO

Press Release: Investment Week founder Tim Weller and the leadership team of parent Incisive Media have secured a management buyout (MBO), that allows the business to accelerate its growth strategy under long-term private ownership. The MBO was led by Tim Weller, founder and chairman, CFO Jamie Campbell-Harris and CEO Jonathon Whiteley; a team who have worked together in the business for two decades.

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Telegraph Media Group acquires UK exam preparation app Gojimo

Gojimo, an app that helps U.K. high school students prepare for exams, has been acquired by Telegraph Media Group, the publisher of The Daily Telegraph and The Sunday Telegraph newspapers. Terms of the deal remain undisclosed, but from what I gather the Gojimo team are staying on and the company will still be run as a separate entity.

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Ascential agrees to buy One Click Retail for US$44m

Publishing and events group Ascential has agreed to buy US e-commerce analytics provider One Click Retail in a deal worth more than $44m. One Click Retail provides data analytics to help consumer groups increase online sales, and was founded by former Amazon and Walmart executive Spencer Millerberg

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Apax to buy Dominion Marine Media

Apax Partners said July 19 it has agreed to buy Dominion Marine Media. Financial terms weren’t announced. Dominion Enterprises, a subsidiary of Landmark Media Enterprises, is the seller. Dominion Marine operates recreational marine digital marketplaces – BoatTrader, boats.com, YachtWorld, and CosasDeBarcos – which attract over 62 million unique visitors annually

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Hearst and Verizon acquire Complex

Publishers are scrambling quickly to launch Millennial content hubs, but Hearst is opting for the turnkey approach. The company announced that it’s extending its partnership with telecommunications giant Verizon to acquire Complex and its massive Millennial video audience

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Time inc may buy Yahoo after MySpace deal

Time Inc, the publisher of Sports Illustrated, People and Time magazine, is considering a deal to buy the core business of Yahoo Inc, Bloomberg reported, citing people familiar with the matter.

Time has heard a presentation from Citigroup bankers on pursuing a deal with Yahoo, the Bloomberg report said, adding that Citigroup had not been retained by Time

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